The mobile crane market will reach USD 22.34 billion by 2026,


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Pune, India, December 09, 2021 (GLOBE NEWSWIRE) – The world mobile crane Marlet The size is expected to reach USD 22.34 billion by 2026 due to increased investment in construction and shipbuilding sectors. This is further attributable to rapid urbanization and the increase in the number of import and export facilities. Mobile cranes are used to lift heavy objects and move them short distances and also used to build giant tower cranes. According to a recent report published by Fortune Business Insights â„¢ titled, Mobile Crane Market Size, Share and Industry Analysis, By Type (Truck Crane, Rough Terrain Crane, Rough Terrain Crane, Crawler Crane, and Others), by Application (Construction, Oil & Gas, Shipbuilding , electricity and utilities and others) and regional forecasts, 2019-2026 ”, The market size was USD 14.35 billion in 2018 and will grow at a CAGR of 5.8% between 2019 and 2026.

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The list of major players operating in the market is as follows:

  • Zoomlion Heavy Industry Science & Technology Co., Ltd.
  • Kobelco Construction Machinery Co., Ltd.
  • Manitowoc
  • Sarens nv / sa
  • PALFINGER SA
  • Terex Company
  • SANY GROUP
  • XCMG Group
  • Liebherr-International Deutschland GmbH
  • Tadano Ltd.
  • KATO WORKS CO., LTD.
  • Sumitomo Heavy Industries, Ltd.

Scope and segmentation of the report –

Cover of the report Details
Forecast period 2029-2026
Forecast period 2029 to 2026 CAGR 5.8%
2026 value projection $ 22.34 billion
Year of reference 2018
Market size in 2018 $ 14.35 billion
Historical data for 2015-2017
Number of pages 120
Covered segments Type; Application; Regional
Growth drivers Rising Spending In Construction And Electric Utilities Around The World To Drive Market Growth

Pitfalls and challenges

Inadequate training in crane operations leads to risks which restrain the growth of the market

Scope of the report

The report is based on an in-depth analysis of the market and presents a 360-degree overview of the market. It focuses on the main factors that drive, retract, challenge and provide growth opportunities in the market. Moreover, the report presents interesting information about the market and significant developments in the industry. In addition to this, the report also offers details about the segmentation table based on factors such as type, application, and regions as well as the names of major segments and their promotion elements. Besides, the list of major players operating in the market is provided in the report and is available for sale on the company’s website.

Market factors

The advent of industrial IoT in machines will add momentum to the market

There is an increase in demand for the construction of new buildings for commercial, residential and public infrastructure is expected to promote the growth of the mobile crane market. To support this claim, we can cite the example of the International Energy Association (IEA) report estimating global investment in construction projects and electric utilities at $ 775 billion according to records. of 2018. The advent of the industrial internet of things, artificial intelligence and others in machinery and equipment is further expected to create lucrative growth opportunities in the years to come.

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Regional segmentation:

Dominance of the Asia-Pacific market due to the presence of many players

Geographically, Asia-Pacific holds the largest mobile crane market share due to the increasing adoption of advanced technologies in high-end applications. In 2018, Asia-Pacific generated revenue of $ 6.27 billion. China dominates the regional market due to the presence of many manufacturers of technologically advanced mobile cranes for use in various industries. On the other hand, growing investments in the power and utilities, shipbuilding and construction sectors will help North America experience significant growth over the forecast period.

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Competitive landscape:

The implementation of industrial IoT will increase competition in the market

The leading manufacturers in the mobile crane market place emphasis on adopting the latest technologies such as industrial IoT and artificial intelligence built into field cranes and trucks, and others into machinery for better result. This will not only intensify the competition in the global market, but also attract high revenues in the mobile crane market in the years to come. Apart from this, there is a strong demand for mobile cranes from various building and construction companies, which will further help to boost the market in the years to come. In addition, substantial investments to implement SCADA (Supervisory Control and Data Acquisition) for the monitoring and control of mobile crane equipment in various industries such as oil and gas refining, energy control water and waste, and others, coupled with the technologies mentioned above are likely to further intensify market competition between players.

Major industry developments of the Mobile Crane Market include:

november 2019 – Increasing urbanization in all Asian countries prompted Liebherr mobile cranes to start their new service and training in Korea. This will help the company meet the growing demand for after-sales services.

June 2018 – The lifting of the first wind turbine of Linxi Canal Wind Power Project was successful with the help of Zoomlion QUY800 crawler crane with its safe, reliable and stable performance. This crane laid a solid foundation for power generation and grid connection of the wind farm for years to come.

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Contents

  • introduction
    • Definition, by segment
    • Research approach
    • Sources
  • Abstract
  • Market dynamics
    • Drivers, constraints and opportunities
    • Emerging trends
  • Key ideas
    • Macro and micro economic indicators
    • Consolidated SWOT analysis of the main players
    • Porter’s Five Forces Analysis
  • Global Mobile Crane Market Analysis, Outlook and Forecast, 2015-2026
    • Main conclusions / summary
    • Market Size Estimates & Forecasts – By Type (Value)
      • Truck crane
      • All terrain crane
      • All terrain crane
      • Crawler crane
      • Others (loader crane, etc.)
    • Market Size Estimates & Forecasts – By Application (Value)
      • Construction
      • Petroleum gas
      • Shipbuilding
      • Energy and utilities
      • Others (mines, etc.)
    • Market Analysis, Information & Forecast – By Region (Value)
      • North America
      • Europe
      • Asia Pacific
      • Middle East and Africa
      • Latin America
  • North America Mobile Crane Market Analysis, Outlook and Forecast, 2015-2026
    • Main conclusions / summary
    • Market Size Estimates & Forecasts – By Type (Value)
      • Truck crane
      • All terrain crane
      • All terrain crane
      • Crawler crane
      • Others (loader crane, etc.)
    • Market Size Estimates & Forecasts – By Application (Value)
      • Construction
      • Petroleum gas
      • Shipbuilding
      • Energy and utilities
      • Others (mines, etc.)
    • Market Analysis, Information & Forecast – By Country (Value)
  • Europe Mobile Crane Market Analysis, Outlook and Forecast, 2015-2026
    • Main conclusions / summary
    • Market Size Estimates & Forecasts – By Type (Value)
      • Truck crane
      • All terrain crane
      • All terrain crane
      • Crawler crane
      • Others (loader crane, etc.)

COT continues…!

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